Is Phoenix, MD a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Phoenix is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Phoenix has remained a Seller's Market.

Key Takeaway

Phoenix is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Phoenix, MD cost?

Median Sold Price

$700,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$80,000(+12.9%)

Key Takeaway

Homes in Phoenix have sold for 12.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 -$330K
N/A
3 $389.5K$392.5K
+0.8%
4 $620K$676.2K
+9.1%
5+ $700K$902K
+28.9%

Median Sold Price Compared To Nearby Cities

Baldwin
+18.8%
Phoenix
+12.9%
Monkton
+4.9%
Glen Arm
-2.9%
Cockeysville
-7.5%

How many homes are available in Phoenix, MD?

Number of Homes For Sale

Aug 2022Sep 2022%
3327-18.2%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 1314
+7.7%
5+ 1710
-41.2%

Number of Homes Sold

Aug 2022Sep 2022%
127-41.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phoenix, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
14 Days28 Days+100.9%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Phoenix are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Phoenix, MD

Phoenix, MD has 27 homes on the market. In September 2022 in Phoenix, MD there were 18.2% less homes for sale than in August 2022. While the average time on the market in September 2022 was 28 days, the median list price was $700,000. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 0%, 3 bedrooms properties became 0.8% more expensive, prices of 4 bedrooms properties went up by 9.1%, 5 bedrooms properties became 28.9% more expensive. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory did not change, number of 4 bedrooms homes increased by 7.7%, number of 5 bedrooms homes decreased by 41.2%. Over 1 listings were sold over their listed price in September 2022 in Phoenix, MD. In the same period over 5 listings were sold below the listed price and 1 listings were sold for the listed price.

Related Housing Market Reports